🐳Introduction

Please notice that, as some technical aspects are exactly the same as existent protocols, we have reproduced partially their documentation to avoid unnecessary redundancy.

Combining the most successful elements of the legendary algorithmic token project Tomb Finance on Fantom, with the recently established Toxic Deer on CRONOS, WHALEUSD is an algorithmic Stablecoin pegged to the price of 1 USDC via seigniorage.

Farming Whales Finance is a multi-token protocol that consists of the following three tokens:

• WHALEUSD: The algorithmic token pegged to USDC

• WHALESHARE: Holders can claim WHALEUSD inflation when the network expands

• WHALEBOND: Can be purchased when the network is in contraction and redeemed for WHALEUSD when the network enters its deflationary phase

The protocols underlying mechanism dynamically adjusts WHALEUSD's supply, driving its price up or down relative to the price of USDC. Peg should remain at $1, however there may be times when USDC loses its peg and, if our protocol is functioning as intended, WHALEUSD will follow USDC to keep pegged 1:1.

A large percentage of expansion will go towards the War Chest - a second line of defence in the event of depegging.

With significant increases in Defi TVLs, smart contract abilities and rapid development of L1 chains, we feel that aiding in the increase of liquidity of stables is now more important than ever, especially with the ambition to attract more investors from traditional financial systems to the world of crypto. (adding value in current bear conditions)

Investing in Defi protocols is risky and may result in monetary loss. By using Farming Whales Finance you agree that the Farming Whales Finance team is not responsible for any financial losses you may incur, nor do we guarantee returns now or in the future. Farming Whales Finance does not operate or control the contracts on the blockchain of this protocol. These are open and permissionless and we are unable to prevent anyone from using the protocol directly from the blockchain. In using these contracts you acknowledge that you understand this and are complying with the laws of your local jurisdiction. Always do your own research before investing.